Selling your home "For Sale By Owner" increases your profit and decreases the amount you owe at closing. Even though selling FSBO saves you the listing agent's fee, you still may end up paying a buyer agent's commission, especially if she brings a ready, willing and able buyer ...
Homes on beaches aren't treated differently from a tax perspective than any other house. However, if your beach home is a second home or an investment property, its sale could be subject to ...Read More
More than 4.2 million homes sold in 2011, according to the National Association of Realtors, but the sales weren't evenly distributed over all geographic markets. Selling your residence in a slow ...Read More
The short sale process in which a home sells for less than the amount owed on its mortgage is known for being drawn-out and arduous. Short sales became a significant portion of the housing inventory ...Read More
A short sale occurs when a lender chooses to accept less than the value of the mortgage on the property to convey clear title to a buyer. These are commonly used with an upside-down homeowner to help ...Read More
An August 2012 survey commissioned by the National Association of Realtors found that 21 percent of people in a survey of home sellers had tried to sell a home themselves. Twenty-two percent of these ...Read More
Assignment of a deed is the act of transferring that deed to another party and thereby transferring ownership. A quitclaim deed is a type of deed used to transfer real estate. In contrast to other ...Read More
When you buy or sell a property, you need to know about any claims non-owners may have on it. Real estate is said to have an "encumbrance" when someone can make a claim regarding the use of the ...Read More
When you sell a house, your taxable gain is the home's sale price minus its "basis." If you bought the house, the basis is usually what you paid for it, with a few adjustments -- hence the term "cost ...Read More
Just because your house was once worth a certain amount doesn’t mean it will keep that value. For many years, homes increased or at least held their value. After 2008, the real estate market was ...Read More
In some real estate markets, it's typical for the seller to provide a title insurance policy for the buyer. In others, the seller pays the cost of the title search and leaves the buyer responsible ...Read More
There’s plenty of blame to go around since the 2008 financial crash gave banks a black eye and consumers reality checks about the U.S. housing market. As a result of the shakeout, “short sales” have ...Read More
When listing your home for sale, you'll sign a contract that is valid for a specific amount of time. This is usually six months; however, you can delist the home at any time. There are several ...Read More
Land sale contracts are arrangements, usually set up as a part of owner financing, by which the buyer makes payments to the seller while occupying the seller's property. When the contract is ...Read More
How much money you get to keep after selling your home depends on several factors, including how much of your mortgage you still need to pay off, whether or not there are any liens against the ...Read More